michaelmcewen
Returning Member

Get your taxes done using TurboTax

@Mike9241 Thank you for the response.  I guess I should have said "current year tax", which is what Form 2210 Line 4 calls it.  It's also the same amount as Form 1040 Line 24, which is called "total tax".

 

Anyway, Form 2210 Line 5 multiplies that by 90%, which is what Line 6 (withholding taxes) is subtracted from.  The difference is less than $1000, which is too low for a penalty according to Line 7.  However, TT says the penalty is $2.  So, which is correct, TT or Form 2210.